Louisiana Money Transmitter Bond

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How much does a money transmitter bond cost in Louisiana?

The Louisiana Office of Financial Institutions requires money transmission professionals to post surety bonds to legally work within the state. Before beginning the bonding process, applicants should verify their required bond amount with the state in which they choose to do business. This bond must have $25,000 minimum coverage.

This specific bond type is subject to underwriting, meaning the amount you’ll pay depends on a review of your personal credit report as well as your required bond amount. Don’t worry about bad credit affecting your chance of posting a bond. The experts at SuretyBonds.com make the bonding process fast and easy for all applicants. Request your free bond quote now!

*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to become bonded quickly, easily and accurately, call SuretyBonds.com at 1 (800) 308-4358 or submit a bond request. We can typically provide your free no-obligation bond quote within 1 business day of submitting an application.

Why do I need this bond?

Louisiana money transmitter surety bonds guarantee that principals (money transmission professionals) conduct business in compliance with Title 6, Chapter 13 of the Louisiana Revenue Statutes and all other laws applicable to the business of money transmission. If fraudulent activity occurs as a result of malpractice conducted by the principal, consumers will not face any financial harm. Causes for license suspension and revocation include:

Violating any of the provisions of Title 6 Chapter 13

Violating any provision of a voluntary consent or compliance agreement which has been entered into with the Commissioner of the Louisiana Office of Financial Institutions

Knowingly providing or causing to be provided to the commissioner any information, which if submitted by him, would have resulted in denial of the license application

Other causes for license suspension and revocation can be found below in the “Additional Resources” section.